Bank Innovation
JULY 27, 2016
It might be time to say goodbye to those text messages containing PINs to help you log into your favorite banking site. The U.S. National Institute of Standards and Technology (NIST) released a draft of its latest guidelines on digital authentication this week, and it contains a disturbing bit of Read More.
Chris Skinner
JULY 26, 2016
In 2009, I coined the word BaaS. No, nothing to do with sheep! Instead, BaaS stands for Banking-as-a-Service. In 2016, everyone is talking about this: Banking as a Platform (BaaP), The Financial Brand, March 2016 Banking-as-a-Service: Common play of banks and fintech, FinTech Rankings, March 2016 ‘Banking as a Service’ for Fintechs Seeking Scale, American … The post A seven year old idea comes of age: Bank-as-a-Service appeared first on Chris Skinner's blog.
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Payments Dive
JULY 26, 2016
Oren Kedem, the vice president of product at mobile app security company BioCatch, discusses the need for software developers to protect consumers' financial information on their smartphones.
Abrigo
JULY 29, 2016
When looking to interview candidates to grow your accounting or valuation firm, what is your greatest concern? Is it recruiting and managing the process? Facilitating a flow throughout the actual interview? Follow-up or determining the right questions for the interview? If asking questions is your challenge, you are not alone. During a recent Sageworks webinar, “Interviewer Do's and Don'ts for Finding the Right Candidate, ” more than half of webinar attendees indicated that their greatest concer
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Bank Innovation
JULY 27, 2016
When you’re in financial services, it sometimes seems like fintech startups are everywhere. They’re on Twitter, LinkedIn, they’re at conferences, they’re in your inbox, they may be waiting outside your office this very minute. But for each one you’ve heard of, there are ten you probably haven’t come across yet, and Read More.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JULY 28, 2016
Theresa McEndree, regional vice president for client strategy at Blackhawk Engagement Solutions, recently presented on a webinar about how retailers can better structure promotions that make a greater connection with consumers.
PYMNTS
JULY 25, 2016
Will discount grocery stores like ALDI, Costco and Sam’s Club soon be facing some serious competition? Well, that’s what LogicLane , a new startup that offers discount wholesale groceries on its eCommerce marketplace, is certainly hoping. LogicLane recently opened its online marketplace to consumers and businesses after first beta testing it with an invitation-only period and can now connect customers to everything from a box of cereal to an entire pallet of cases of cereal boxes (the company is
Bank Innovation
JULY 28, 2016
Bank of America last Tuesday introduced version 7.0.0 of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their credit scores. Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their credit Read More.
Chris Skinner
JULY 27, 2016
I just spent a weekend in Thailand at the Techsauce Summit. It was a great conference, and it reminded me of the time I’ve spent in Asia lately. After the books Digital Bank and ValueWeb were translated into Korean, Chinese and soon to be Japanese, I guess the region is interested in my thinking. Or … The post The Rise of #Fintech Asia appeared first on Chris Skinner's blog.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
Payments Dive
JULY 29, 2016
Not all apps are created equal, and consumers don't have the patience to wait while you to get it right.
PYMNTS
JULY 27, 2016
Who isn’t familiar with rewards programs that incentivize consumers to become more eager c ustomers? But one company has devised a rewards program that aims to go even further. Gregory Simon, CEO of “The Internet of Loyalty” platform provider, Loyyal Corporation, recently checked in with Karen Webster to discuss the company’s work with the Dubai government on the Dubai points program — a tourism incentive program that is expected to roll out in August 2016.
Bank Innovation
JULY 29, 2016
PayPal and Visa jointly announced a deal last week giving PayPal access to Visa payment rails at the point of sale, and giving Visa cards preferential treatment within the PayPal environment. The deal is exclusive for 12 months, Visa CEO Charlie Scharf noted. The world found out yesterday what that exclusivity means for MasterCard: Read More.
Chris Skinner
JULY 25, 2016
Talking with the leader of a large bank the other day proved illuminating. He said to me that he could see the digital revolution happening, and wants to embrace it. All well and good. He continued then to say something that I hear quite often: “but what do we do about the people”. Just as … The post As branches close, what do we do with the people?
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Payments Dive
JULY 29, 2016
It is vital for merchants to provide a variety of payment methods such as credit cards and local direct debit complemented by mobile payments to cater the needs of each possible end-user. Yet adding a new payment method always presents a risk to merchants.
PYMNTS
JULY 27, 2016
The search for inflation hedges and stability of purchasing power in a world of hyperinflation has led some in Venezuela to turn to the digital currency known as bitcoin. The state of “economic emergency,” as it has been termed by some observers and officially by President Nicolás Maduro, is so acute that the International Monetary Fund has estimated that the inflation rate could be as high as 480 percent this year and grow to as much as 1,640 percent next year.
Bank Innovation
JULY 25, 2016
Watch out Stripe, Silicon Valley Bank is coming. The bank for startups — officially named SVB Financial Group — said last Friday that it was boning up its payments infrastructure and services by “leveraging strategic partnerships to offer scalable and sustainable payment solutions to our clients, at every stage of their Read More.
Chris Skinner
JULY 28, 2016
After a month, the dust has settled somewhat on the Brexit vote. We have a new Prime Minister, a new Government and a new outlook. There were many knee-jerk reactions to the vote that were extreme in the immediate wake of the shock of the vote. These ranged from the whole FinTech community upping sticks … The post A month after #Brexit, what’s new?
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Payments Dive
JULY 28, 2016
Sears' mobile marketing leader, Alysia Kempa, offers up insight on trends, best practices and why mobile is key to customer interaction and engagement.
Payments Source
JULY 24, 2016
Patrons of the GC Express gas station in Caro, Mich., have another choice to make at the pump: Do they want to pay with a credit union's mobile banking app?
Bank Innovation
JULY 29, 2016
It would seem that numbers are making Shanghai the new world capital of fintech. One number is 1.3 billion, which is the population of China. Another number is $2.4 billion, which is the amount of funding that poured into China’s fintech sector in the first quarter. But a closer look reveals some cracks in the facade. Read More.
Chris Skinner
JULY 28, 2016
Things we’re reading today include … Santander cautiously confident despite worries of a slowdown Federal Reserve hints at sooner-than-expected rate rise as economic risks recede Challenger banks defy Brexit vote with booming revenues Standard Chartered hires IMF’s José Viñals as new chairman Lloyds to slash 3,000 jobs and close branches City Airport £344m expansion plan … The post Things worth reading: 28th July 2016 appeared first on Chris Skinner's blog.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
Payments Dive
JULY 29, 2016
This white paper gives an overview of how fraud and risk management should be implemented for carrier billing.
Payments Source
JULY 25, 2016
In many emerging markets, daily financial transactions—buying groceries, paying a utility bill, cashing a paycheck or billing a customer—are notoriously difficult. Banking institutions are few and far between, and large swaths of the population have little or no access to them.
Bank Innovation
JULY 26, 2016
N26, the German banking startup that has been called the Simple of Europe, announced that it had been granted a banking charter last week. Wasting no time, the company announced today it has added investment services to the account through a partnership with the roboadvisor vaamo. This pairing of services Read More.
Chris Skinner
JULY 29, 2016
Things we’re reading today include … Stressed out Bezos passes Buffett, becomes third-richest person: Forbes MasterCard and PayPal in alliance talks Deutsche Bank: problems of scale Lloyds cuts a further 3,000 jobs and doubles branch closure plan Goldman says oil’s rebalancing remains fragile amid macro headwinds. The post Things worth reading: 29th July 2016 appeared first on Chris Skinner's blog.
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